Nokia's stock hits 16 year low after report of Lumia 900 problems and Q1 earnings
posted by Alan F. / Apr 11, 2012, 10:48 AM
Also affecting the stock is Nokia's Q1 earnings report which we reported to you earlier today. The report contained a warning about margins for the next quarter which is leading stockholders to sell their Nokia shares. Finally, a bearish story about Nokia on the Wall Street Journal's widely read online site could be catching the eye of investors.
The WSJ piece notes that the problems that Nokia is having on the high-end trying to compete with Apple and Android models is being repeated in its low-end markets in India, the Middle East, Africa and China. The financial paper notes that low priced featurephones for those regions have been Nokia's "bread and butter" and cheap Android models from ZTE and Huawei are taking that low hanging fruit away from the Finnish company. Gartner's industry analyst Roberta Cozza saud, "We’re seeing that many consumers on emerging markets are shifting towards low-end true smartphones, rather than feature phones, and Nokia doesn’t have much to offer in this space."
The WSJ story ends with the ominous thought that Nokia will need to compete against iOS and Android with cheaper Windows Phone models, in "a quicker pace" than anticipated.
- Display 4.3" 480 x 800 pixels
- Camera 8 MP / 1.3 MP front
- Processor Qualcomm Snapdragon S2 APQ8055, Single core, 1400 MHz
- Storage 16 GB
- Battery 1830 mAh(8h 3G talk time)
Posts: 65; Member since: Dec 27, 2011
Nokia Lumia 900 must be expected to produce some good results in Q2. Come on Nokia make it to all big carriers so that it reaches more people. All the best! Want some good competition in US! Put an end to duopoly. People need more choices :)
posted on Apr 11, 2012, 10:51 AM 2
Posts: 3991; Member since: Jan 04, 2012
In short, probably a good time to buy
posted on Apr 11, 2012, 10:57 AM 5
Posts: 874; Member since: Oct 17, 2011
when i bought my N8, i had it replaced after only 3 days of use. my sister-in-law bought a C7 and had it replaced after 2 days. now, the problem with lumia 900 shows nokia have not learn its lesson. these never happen with htc desire s that i bought or the samsung galaxy w my sister bought.
posted on Apr 11, 2012, 11:04 AM 2
Posts: 1482; Member since: Sep 30, 2009
yeah after Nokia said years ago that Americans were to dumb for smart phones I hope they barely make a dent in the American market.
posted on Apr 11, 2012, 11:17 AM 1
Posts: 470; Member since: Nov 16, 2010
Nokia should've not gone exclusive to windows phone. They shouldn't have shut android out. Btw, the lumia 900 is one ugly phone.
posted on Apr 11, 2012, 11:29 AM 6
Posts: 263; Member since: Jul 05, 2011
Not looking good for Nokia. How the Mighty have fallen. I still can't believe why they partnered with Microsoft when Google's Android offers so much more. I hope Nokia turn this around but as long as they stay with Microsoft I simply can't see how they can do this within such a constricted ecosystem that is Windows Mobile.
posted on Apr 11, 2012, 11:37 AM 1
Posts: 10; Member since: Mar 21, 2012
The 900 is a ugly phone? wow, so you just called almost every major review critic a idiot! Because almost eveyone praised the phone design and look. But all are free to their opinion no doubt, but please if this phone is ugly, what phone do you find attractive?
posted on Apr 11, 2012, 11:47 AM 2
Posts: 11; Member since: Dec 29, 2011
@tri netty may be you liked the designs of the cheap plastic andro stuff look at the marvel piece i bet no one can give the lumia just only a one look its a design on which one will stare and cheer! So f**k off your design choice no one cares what you like
posted on Apr 11, 2012, 12:04 PM 1
Posts: 54; Member since: Mar 28, 2012
After a storm, there is a calm. The comment on how the mighty have fallen is just hilarious! So people think nokia is going to fall? I don't think so
posted on Apr 11, 2012, 12:15 PM 1
Posts: 6330; Member since: Mar 31, 2010
I find the Lumia to be a beautiful design....
posted on Apr 11, 2012, 12:47 PM 2
Posts: 470; Member since: Nov 16, 2010
@gharatnikhil, you mad because the lumia is ugly and it's a flop. Don't get mad at me woman. The phone is ugly plain and simple IMO. See dummy, IMO is the key.
posted on Apr 11, 2012, 1:11 PM 1
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